Colian Holding S.A. (WSE:COL) agreed to acquire Lily O'Briens Holding Limited from Carlyle Cardinal Ireland Fund, L.P., managed by The Carlyle Group L.P. (NasdaqGS:CG) and Cardinal Capital Group, and members of the Lily O’Brien’s management team for €40 million on December 22, 2017. Lily O’Brien’s will continue to be run by its existing Irish management team led by Chief Executive Officer, Eoin Donnelly, with Mary Ann O’Brien remaining as a Director and consultant to the company. Lily O'Briens reported revenues of €30 million during 2016. The acquisition is expected to complete in January, 2018. IBI Corporate Finance Limited acted as financial advisor, Pricewaterhouse Coopers, Ireland and KPMG Ireland acted as accountant and A&L Goodbody acted as legal advisor for Lily O’Brien’s and its shareholders. Colian Holding S.A. (WSE:COL) completed the acquisition of Lily O'Briens Holding Limited from Carlyle Cardinal Ireland Fund, L.P., managed by The Carlyle Group L.P. (NasdaqGS:CG) and Cardinal Capital Group, and members of the Lily O’Brien’s management team on January 4, 2018.